United Spirits has posted a strong rise in sales and profits for its latest quarter.

The spirits arm of India's UB Group, which acquired Whyte & Mackay last year, confirmed yesterday (21 July) that net profit for the three months to the end of June leapt to INR1.17bn (US$27.4m) from INR875.8m in the corresponding period a year earlier.

Net sales for the quarter climbed to INR10.13bn from INR7.66bn.

In January, United Spirits said that that net profit in the three months to the end of December fell by 74% against the same quarter a year earlier, coming in at INR881.5m (US$22.4m). United noted that net profit in the corresponding quarter in 2006 had been unusually high due to "extraordinary income". Net profit in Q3 2006 totalled INR8.89bn.

Earlier this month, Whyte & Mackay, which came under United Spirits' control in May last year, refused to comment on reports that it was considering a move for Glenmorangie's Glen Moray distillery in Scotland. Glenmorangie, which is owned by Moët Hennessy Louis Vuitton (LVMH), said it would sell the Elgin-based facility, whose whisky is predominantly used in the company's blended Scotch.

You are agreeing for just-drinks.com to send you newsletters and/or other information about our products and services that are relevant to you by email.
Clicking above tells us that you're OK with both this and with our privacy policy, terms and conditions and cookie policy.
You can opt out of individual newsletters or contact methods at any time in the 'Your Account' area.